Current BankNifty is 35060. In range 34600-35650. Price above 35650 then will go up till 36600 Price above 36600 then will go up till 37450 Price below 34600 then can go up to 34250 Price below 34200 then can go up to 33600 This is my analysis and not to buy or sell.
There is strong trendline resistance up front and that too will collapse with opening. BNF can continue to make LH-LL. Trade plan on gap up: possibility of small pullback before continuing journey towards 36000. Go long after the retest of trendline. Gap down: this will be a continuation of LH-LL pattern and can be a big fall. Neutral opening: go long above...
banknifty keeping sl @ 35900 short around 35600-800 for trg of 34400 Nifty too breaks 15490 then a bounce around 15520 short @ it with sl @ 15600 trg 15100-15000
Bank Nifty has key resistance at 34000. Bank Nifty will be safe for long trades above 34000. Bank Nifty will most probably test 34000 level in next 1-2 weeks, to see if it can cross it. Failure to cross 34000 will create fresh downsides.
BANK NIFTY - HEAD AND SHOULDER - 1 HR CHART
Simple Trend line analysis on Bank Nifty spot prices. Same can be drawn on April FUT as well and levels can be decided for trading FUT. If 1 hr time Frame broken with Good volumes, could be good opportunity for long. Also note near trendline Doji is present could be sign of reversal from trend line so wait for confirmation on either side
Here's my analysis of bank nifty.
education purpose only, save for future reference
Recent trend in BankNifty shows a side move with flag pattern formation and getting ready for 8000 pts. up move Resistance Level: R1: 35796.75 R2: 35977.45 R3: 36158.15 R4: 36338.85 Support Level: S1: 34712.55 S2: 34531.85 S3: 34351.15 S4: 34170.45
Breakout range with important level. Level will act as support or resistance depending upon pre market opening.
Bank nifty is trading in a triangle . Break of pattern will show around quick 2000 points positionally.
Bank nifty Key support & Resistance Level:-
1-Doji candle at the top 2- Market in over bought zone Sign of downtrend short if bearish confirmation candles form:- Some profit booking is expected :- so trade accordingly
The expect 35000 almost attained. Bank Nifty aims to move higher with volatility.
Nifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view.. Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR. HAPPY TRADING 🙏🏻